The Ministry of Finance (MoF) on March 26, 2026, notified concessional rates of Special Additional Excise Duty (SAED) on specified petroleum products under section 147 of the Finance Act, 2002. Accordingly, motor spirit (petrol) has been fully exempted (Nil rate), while high-speed diesel oil has been made subject to SAED at the rate of ₹18.5 per litre. The notification further provides that these benefits shall not apply to goods other than those cleared for export and also excludes exports by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh, and Sri Lanka.
The notification has come into force with immediate effect.
[Notification No. 06/2026-Central Excise]
